It was at a dinner reception on 14 July at the Palazzo Versace in Dubai where Tony Elumelu heralded the start of a new chapter for United Bank of Africa (UBA) with the official opening of a new branch at the Dubai International Financial Centre.
Nigerian food commodities exchange AFEX is seeking funding for expansion in east Africa as the Russia-Ukraine war sharpens regional food insecurity, managing director Tabitha Njuguna tells The Africa Report.
When verification and compliance start-up Identitypass took the decision to raise seed funding towards the end of last year, Lanre Ogungbe, co-founder and CEO explains how he began collecting the names of funds, venture capital (VC) and private equity (PE) firms in one long and winding document.
The economy played a significant role in Kenya’s August 2022 election, and Nigeria’s 2023 polls are set to follow the same pattern. For the first time in a long time in Nigeria, all of the top candidates – the People’s Democratic Party (PDP)’s Atiku Abubakar, the All Progressives Congress (APC) Bola Tinubu and the Labour Party’s Peter Obi – have years of experience in the business world.